Boosted.ai, founded in 2017 and headquartered in Toronto and New York, uses AI to help investment professionals make better decisions. Boosted.ai offers several key features. It can automate research tasks by summarizing news articles, earnings calls and other relevant information. It also provides portfolio recommendations based on your specific holdings and investment goals.
Their platform, Boosted Insights, uses machine learning to analyze massive amounts of data from various sources, including news and market trends. This analysis helps portfolio managers identify opportunities and risks within their investments.
Now that we know a little bit more about Boosted.ai, it’s time for the news. The company recently secured $15 million in funding.
The investment is focused on the growth of Boosted.ai’s agentic AI platform, Alfa. Agentic AI is essentially an AI coworker that users train to think like them and consistently monitor and update for anything that matters to their portfolios.
Using Boosted.ai and Alfa allows users across the finance spectrum, including asset managers, wealth managers, family offices and hedge funds, to automate their workflows and reduce what typically takes 40 hours of analyst work to 20 minutes. Capital will also be used to invest in additional systems and team members to handle increased product demand and the need for onboarding and training new users.
"From day one, our clients have been asking for AI that truly mirrors their thinking,” said Joshua Pantony, CEO of Boosted.ai. “This latest investment from our client base enables us to further enhance Alfa, our agentic AI platform, empowering finance teams to conduct deeper research, leverage broader analytics, integrate more data and ultimately focus on higher-level, strategic work."
The financing included certain fund(s) managed by Fidelity Investments Canada ULC and all of Boosted.ai’s existing institutional shareholders. The certain fund(s) managed by Fidelity Investments Canada ULC will join existing partners Ten Coves Capital, Spark Capital, Portage Ventures, Royal Bank of Canada and HarbourVest Partners in the round.
Many of Boosted.ai’s investors are active and enthusiastic users of Alfa. Inclusive of seed capital, Boosted.ai’s total funding now stands at $61 million.
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Edited by
Alex Passett
